2014 Intermediate Accounting and Reporting - Winter

Overview

This program is a fantastic introduction for new professionals moving into higher education accounting as well as those individuals seeking to learn more about other areas of accounting. This accounting and financial reporting workshop covers net asset classes, restrictions, endowments, investment pool utilization, split interest agreements, capital assets, debt, and operating activities.

Attendees receive a thorough explanation of Financial Accounting Standards Board (FASB) and Governmental Accounting Standards Board (GASB) standards relevant to higher education institutions. There is emphasis placed on preparing and understanding the financial statements, including hands-on exercises and sample statements for review. Cash flow statement sessions are held concurrently allowing the faculty to focus on the public and not-for-profit sectors of higher education reporting.

The workshop is conducted by an experienced faculty including a university president, a controller, and an accounting professor. A networking reception is also included.

Who Should Attend

Accounting Department Staff

Associate and Assistant Controllers

Budget Directors

Controllers

Financial Reporting Managers

Internal Auditors

What You'll Learn

An understanding of how operating issues affect the accounting environment

In this session you will learn about issues that affect both public and independent institutions. Topic examples include financial aid and scholarships, tuition discounts and allowances, compensated absences, pension and other post employment benefits, contributed services and property, releasing restrictions, and realized-unrealized gains and losses.

This session discusses endowments: their governing laws, fund types, accounting entries, and disclosure requirements. Accounting for annuities, split interest agreements, and investment pools are also presented. Using sample donor agreements, participants have an opportunity to discuss appropriate classification for the various gift instruments.

12:00 pm

Lunch

1:00 pm

Capital Issues

Speaker(s):Jerry Farley, Washburn University

You will explore the treatment of transactions related to capital projects. Discussions focus on gifts, depreciation, bond premiums and discounts, extinguishment of debt, capitalized interest, and capital leases.

2:30 pm

Refreshment Break

2:45 pm

Capital Issues (continued)

Speaker(s):Jerry Farley, Washburn University

4:00 pm

Questions and Closing

4:15 pm

Program Adjourns

Hotel

The Rosen Plaza

A perfect Orlando location next to the Orange County Convention Center makes the Rosen Plaza Hotel in Orlando Florida an ideal headquarters. Impressive meeting capabilities combine with resort-style luxury minutes from all of Orlando’s famous theme parks. Delegates enjoy a productive business environment and a superb Orlando Florida vacation opportunity.

Rosen Plaza Hotel Orlando is located on the world famous International Drive within walking distance to the newly renovated Pointe Orlando entertainment complex. Pointe Orlando is an open-air shopping, dining and entertainment complex. More than 40 specialty retailers, delicious restaurants, and exciting entertainment create a vibrant, eclectic experience. With towering palm trees, shaded areas, and fountains, you will enjoy the tropical and relaxing feel of Pointe Orlando.

Room Rate

Please Note: NACUBO professional development programs are often sell-outs. Please secure air and hotel reservations only after confirmation of registration.

Speakers

Jerry B. FarleyPresidentWashburn UniversitySHOW FULL BIO »
Jerry Farley has served as President of Washburn University since 1997. Prior to this he was the Vice President and Chief Financial
Officer at the University of Oklahoma, Norman campus and the
Health Science Center and at Oklahoma State University.
He served as President of SACUBO and Chair of the Board of
Directors of NACUBO. He is the recipient of NACUBO's Daniel
Robinson award in accounting and the NACUBO award for
Professional Development.
He holds a B.B.A., M.B.A. and Ph.D. all from the University of Oklahoma, and is a C.P.A. He has authored or co-authored
numerous articles and books in his field - not for profit finance and accounting.
Jerry has served on local and state boards for United Way, American Red Cross, American Cancer Society, Boy Scouts, Kansas Society of CPA's, state and local Chambers of Commerce and economic development corporations. He is past Chair of the Topeka Chamber of Commerce.
He also serves on the Board of Directors for the Security Benefit Funds Board, Westar Energy and CoreFirst Bank. He was inducted into the Topeka Business and Oklahoma Higher Education Halls of Fame and is a Rotary Paul Harris Fellow.

Mary L. FischerProfessor of AccountingUniversity of Texas at Tyler

Kim KvaalVice President for Financial AffairsSt. Edward's UniversitySHOW FULL BIO »
Kimberly Kvaal was recently named the Vice President for Financial Affairs at St. Edward’s University in Austin, Texas. Her areas of responsibility include finance, facilities, human resources, auxiliaries, public safety, and risk management. She serves as a member of the President’s Cabinet and is responsible for an annual operating budget of approximately $100M and an endowment of $94M.
Ms. Kvaal spent 9 years as Associate Vice President for Business & Finance at the University of San Francisco where she also taught Principles of Accounting at USF’s School of Management. In this role at USF, Ms. Kvaal served on the President’s Leadership Team and was charged with the accounting and financial reporting for the institution as well as risk management. Ms. Kvaal was also the Controller at Regis University for 9 years serving as a member of the Executive Budget Committee and was charged with development, implementation, and monitoring of the annual operating budget along with overseeing the financial accounting, reporting, and treasury functions.
Repeatedly called upon to serve as faculty for WACUBO’s popular Accounting Series and NACUBO’s Intermediate Accounting and Financial Reporting workshops, Ms. Kvaal is an experienced presenter on not-for-profit accounting topics. Ms. Kvaal is active in her professional associations currently serving on NACUBO’s Accounting Principles Council as chair and is the past co-chair of WACUBO’s Professional Development Committee.
Ms. Kvaal holds a BA from the University of Colorado, Boulder, a MBA from Regis University, and is a licensed CPA in the state of Colorado. She has over twenty years of non-profit accounting experience, and serves on several community boards.

Kim KvaalVice President, Financial AffairsUniversity of San FranciscoSHOW FULL BIO »
Kimberly Kvaal was recently named the Vice President for Financial Affairs at St. Edward’s University in Austin, Texas. Her areas of responsibility include finance, facilities, human resources, auxiliaries, public safety, and risk management. She serves as a member of the President’s Cabinet and is responsible for an annual operating budget of approximately $100M and an endowment of $94M.
Ms. Kvaal spent 9 years as Associate Vice President for Business & Finance at the University of San Francisco where she also taught Principles of Accounting at USF’s School of Management. In this role at USF, Ms. Kvaal served on the President’s Leadership Team and was charged with the accounting and financial reporting for the institution as well as risk management. Ms. Kvaal was also the Controller at Regis University for 9 years serving as a member of the Executive Budget Committee and was charged with development, implementation, and monitoring of the annual operating budget along with overseeing the financial accounting, reporting, and treasury functions.
Repeatedly called upon to serve as faculty for WACUBO’s popular Accounting Series and NACUBO’s Intermediate Accounting and Financial Reporting workshops, Ms. Kvaal is an experienced presenter on not-for-profit accounting topics. Ms. Kvaal is active in her professional associations currently serving on NACUBO’s Accounting Principles Council as chair and is the past co-chair of WACUBO’s Professional Development Committee.
Ms. Kvaal holds a BA from the University of Colorado, Boulder, a MBA from Regis University, and is a licensed CPA in the state of Colorado. She has over twenty years of non-profit accounting experience, and serves on several community boards.

CPE Information

NACUBO is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.